tv [untitled] April 2, 2012 10:30am-11:00am EDT
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if you. see from france to transition in some. instances t.v. don't come. live from moscow this is on t.v. time for you headlines now a plane crashing into russia's or western siberia killed thirty one on board after the aircraft went down just minutes following takeoff twelve people have survived the accident possibly trying to be attempted emergency landing technical failure or a build up of ice on the french italian aircraft are among the main tools is being investigated. the international envoy to syria kofi annan is due to report on the
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progress of his peace plan the friends of syria group the reportedly decided to fund opposition fighters is criticized by russia for undermining u.s. backed peace efforts. and the much anticipated reform of loosening up registration for political parties in russia needs of controversial response some of position leaders fear the legislation prompted by mass protests will result in too many factions bidding for. up next on the unhealthy mix of the euro crisis the bailouts and austerity a former head of the european central bank cliché weighs in on the state of the world's economy. well today we're joined by john clothes now he's the chairman of the group of thirty a panel of a former central bankers finance ministers and academics and he's no stranger to
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weaving through financial crises having served as the chief of the european central bank from two thousand and three to two thousand and eleven leaving the post in october last year thanks very much i mr xi for joining us today. in first question would like to know you said at the federal reserve a conference very recently that you think we're still in a crisis but your successor meyer draggy of the e.c.b. said that the worst of the euro crisis is over is the worst really over you know i was alluding to the in my all understanding you know what happens happened. in seven we have now. structural adaptation of the advanced economy you know over the last thirty five years we had the crazies the african craziness we had the control nation of of all the socialist part of the world in the market economy. new i would say very powerful economies
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and we are not observing anything in the advanced economy since all seven the advanced economy themselves have to adapt their founder for sector started with the you know the financial turbulence while those and so forth all saw they avoid fiscal policies i really trust that it is a global crisis of the advanced they could have me and of course the your peers have their whole difficulty and have to work on their own governance is going to be governance well terms of the euro crisis is the worst over are we out of the woods at this point i think that we know that it is out of work to do because. what you have to do obtain is for all countries we capacity including those who are in great difficulty to demonstrate that they have fiscal policies and economy policies in general competitive policies that are sustainable in the long run in the medium
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and long run. is true for your peers but it thought so for the other big release of the advanced countries i think it's really now demanding a new move of the investors observers savers the world over to our cool good ways including the advanced economy to demonstrate that they are sustainable in the medium and long speaking of advanced economies and sustainability the u.s. for example itself now stands at fifteen trillion overall us debt is fifty seven trillion and the debt ceiling may be raised again it's widely expected it will by the end of the year if not earlier is this going to send another problem around the global economy and is this sustainable first of all i hope very much that the new other advanced economy signals that would be destabilizing i am very
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confident that we will not experience again. on the ceiling for the borrowing so of of the united states of america i think that experience has the most frequently it was not good but all that being said i think that all countries. it is again a new feature of the global you could have all countries including you advance they are going to be have to demonstrate that they have strategies and they have fiscal policies that are sustainable in the medium run otherwise they will not inspire confidence so in a way the. problems are the the center of the larger problem which is you. characterizing all the votes they could all be in my all understanding of the situation this is maybe a basic question but it's being raised right now ever since the crisis seemed it's illusion seem so far can europe go ahead united as is seen by leaders without the
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euro with greece possibly having its own currency back just to fix its problem i think for any country the first best is of course by far to have little the you're just not aware adjustment is needed you know an orderly fashion. solution which has been filed by the european or greece is by far of course the first best they could have a profoundly approach that do you think this is the end of greece one thing bailouts i mean do you first see even more bailouts and just continue was the cycle beginning we will see what happens but it's clear that commitment which has been taken by the greek government. sensitivities as you know because there is a there has been national union to agree on that and the help of the international
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community as a whole and the help of the european or this seems to be the right and appropriate way to proceed now of course. in that particular country as well as in the year we're here as well as in europe as a whole as well as in all advanced economy by your own understanding of the transformation of our planet also in all it's going to of the planet and democracies of the planet we have can do the job. this is no time for complacency and nobody should be complacent but it's true for all of those without any exception in your opinion. a stair to measure is portugal italy greece and spain some say they spend too much others say a staircase is going to kill them. well who's right where is the balance here how do they before and it's an issue for all advanced economy to correct their project particularly as regards of their fiscal policies when you have had ten and
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see spain more than you were on all the world all billion a time whatever you do whatever continent you are in whatever category of country you are i have to correct you cannot continue eternally to spend more than you were this is true for the country as well as for the individuals who voted me or for us so again a toast that there is no healing contradiction between what is called or story which i would call that sound policies you know but because what is called austerity very often these only that instead of spending much more than you were on your own little or no although you were and look at this through spending. so how can you call that austerity if you are back to sound policies then your imports confidence and by improving confidence you give
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a chance to growth and job creation i think it is it is the reality and of course it depends on the situation even called free has not lost any confidence as always behave properly there is no problem for that country of course if as policy makers economists as the financial markets and as much as they pull together thinking about confidence and balancing austerity and growth what if you walk down the street and someone comes up to you and says mr cliché i haven't had a job for ten years what is what this all this policy making mean to me as you know all those conferees that we are run in a very prudent way and that we are not spending more that more than we were the. we're earning the we're not distributing revenue. and so forth all school degrees have jobs the their unemployment is diminishing and diminishing and diminishing even in the time of
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a terrible crime what do we do with those that don't explain i mean when you did not behave properly i'm not speaking of any particular country i'm not speaking only of your but i'm speaking of the entire world then at a certain minute you have to correct and it is true that it's always difficult it's much more advisable to road wise policy is permanently then nobody's complaining but if you give a lot of money to anybody and then you tell them i give you too much money i have to take it back then you can surely anybody. to give and to get back is something which is as well as human nature is concerned explore all the difficult and there's a lot of from and it is more as what we have that the reason why we have to prevent bad policies and monitor policies permanently in order to avoid to be put in
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these very difficult situation about brics now these think they can deliver what is needed for the global economy to move out of the phase that is in now where the brits are precisely those who have real her going brilliantly over the past years are creating a new set of extraordinary buoying here economies and i think that the for some of them of course they had also problems in the past i'm speaking of russia speaking of president. and there had been long. india and china as i said we are not growing at all or practically not and so no the have to be the master of the old very rapid developments over it's a very nice you know each you can cope with though you are going very very fast how to manage that and there are no were part of the global economy or the decisive
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part of the global economy they are part of the global governance and member of the g twenty there is no such thing as a small group of advanced economy running the global economy. now the brits are playing playing a decisive role in this handling of the global economy but i would say they have the old problem again a really close though that we all have to be very careful with question about you no longer have the same during times of crisis to show solidarity with the people now are a lot are paying attention to the high compensation for bankers a time of crisis do you think that should all be slashed. that. this is a particular you know in all all democracies the level of revenue ration not only in the banking sector. but in general i don't quite see that in the
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us i can see that in the u.k. we can see that. in your can wolf of course and everywhere in the world so we have to reflect on that because there are value and you know democracies which are not easy in the. studio they may go by you by some. sectors but i think that this has to be transmitted progressively of course we are in market economies of course market economies have to function but it is very very important that all component of the society are standard that our democracies their values on these values have to be respected so should the it not be slashed those are compensations we've move you know what i think should go off were better understanding by the interested persons themselves and the inclusive sector and again i don't want to mention exclusively the car or sector
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director's cuts it was a real long since prison on far too. low . the headlines on all its heat a plane crash in russia's western siberia killed. just minutes following takeoff twelve survived the accident possibly. landing technical failure or a buildup of ice on the french italian aircraft are among the main causes being investigated by the international envoy for syria kofi annan is due to report on the progress of his peace plan the friends of syria group that reportedly decided to fund opposition fighters he's criticized by russia. he went back. to the much anticipated reform registration for political parties in russia
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a controversial response position leaders fear the legislation prompted by mass protests will result in too many factions. with a sports. well welcome to the latest polls but here are the headlines. parts eyes allan dodds i go to one lead in the best of seven series against that author now a total commanding eight against scott the playoffs ok chel. wild capital victory dinallo both author they too know we're not moscow rivals locking our teeth to boost the dreams of european football. and miami strifes know the brokerage claims the sony ericsson title will serve time with a straight set win over around you laurie. let's start with i thought you were
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having god have edged regular season one as quite so one else like a two one lead in the best of seven series in the playoffs i mean finals in the k h l but on board with outs for what about lunch a blank that there was the postseason points leader but they didn't need him colleen instructs soon after the first interval his goal making all the difference in arms to give our guard the overall series lead while on sunday when i'm not so moved within one victory of reaching the finals ought to take me three no seriously i was cast in petersburg as far as their latest win was which unfortunately to. score some petersburg would have had high hopes coming into this season's playoffs and all was going well beyond. that goes until the end to the western conference finals series with konami which has turned out to be a mite map of the team from russia's second city its very last both a mattress at home however that is just to get out to a decent stanch they would take the lead midway through the second period as we
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managed to win a free software to normal. center an unstoppable shot which we don't examine the only good is near post however do not know was she living in these muscle you'll find dimitri visioneer scared of our post on the blue line and finished. result parity stronger and hoping they are caused by giving away part of the penalty minutes for the home so i didn't need the extra man advantage to go to one up with seven minutes left and heard no back excellent pastime before your niece in twenty four year old took apart from the blue line before beating up stephanie. under normal would wrap up a furry deserved three one victory just minutes later and using this time turn provided on the powerplay she shot the saved become seventeen got a call for some time to score and put a result we are any damage. everyone understood that it would be a very important match especially playing at home and so i'm glad we were able to
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put in a great performance and get this vital victory which so dynamic can wrap up a place in a point in cheers the danish win game for however very players on thinking that far ahead of the moments just with them pushing up north but we're not even thinking about playing in the garden cup finals at the moment we're preparing for a day just like we have been doing in the previous matches in this series. has been a fairytale series so far from moscow points or scars from petersburg no only victory will do all of first of april but they want to keep their hopes alive a recording i made in gharyan cup title richard three darty moscow. football hand co-hosts ukraine could rest goalkeeper and they do count at this time as european championships after he sustained concussion. they have multiple facial fractures in saturday's two hundred feet as holmes is a neat well the thirty four year old is set to undergo surgery and could be out for
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up to several months because i was accidentally hit in the face by isn't it strike alexander cocksure cough was so being shot at in the second half well the keeper stayed on the pitch only to concede a penalty because he caught ten minutes later asking to be replaced with scans later revealing the extent of his injuries ukraine will. jointly host euro twenty draw with poland in june and july and already a goalkeeper down after surgery alexander was doping. well meanwhile the one i coach that day still can praise his team's fighting spirit after they won tonight look at what even sunday's moscow darby victory was only to now is second in line again as alexander got a call in open just before half time. and the points were confirmed later on an alexander sign it off went down in the box. and says don't miss it it's called a penalty did i rise of course just a point behind that place not go and only three of the champions league place. for me were even won one nil at home to do sittings angy to leave from their opponents
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in the sixth the victory was the home side's first in five games after a tight first half because our side struck early in the second i was a me martins winning the battle against christopher samba to head home and angie went all out for an equaliser are being held and stay in the hunt for a euro pertly place. turn to the bottom of the stable and car remain unbeaten this year after winning tonight let's hope that iraq and the opposition keep the loyalty strength for the first part of the game after fifty four minutes. of each one claiming it's such a. much better he might feel the same about the second as well martin you don't like headed into this net was this trying to go this board is to go to law school i was schooled. all of the english premier league move level on points with i saw so after a three one win and i'm just one say i like ways from emmanuel out of iowa secured
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spurs victory as they moved within one goal difference of the north london rivals only long you call someone sunil at home to ten on little port arthur c. say scored in a traffic for probably rain and was sent off for the rest in the dry minutes but when it moves the mike tyson level on points with this place chelsea allowing manager alan pardew the chance to dream about european football next season liverpool manager kenny dalglish was there for nursing his six eager feet in seven games which sees the red states and sixteen points of a champions league spot. in his last ten games we said well it's going touching distance that you open label it's going to go free and free in the last ten so we seven to go we go to swim really really good shape and. hopefully we get enough points to get some so you're trying to make. sure progress that we have.
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right when we really want to play was a changeling. the. book you believe in was sheer action believe. the movie which is really. more me manchester united could go five points clear at the top if they get it this monday night the red devils capitalize on second place manchester city's three three draw respond to an uncensored day i wrote once we were forced from dr stone and united three two in the reverse picture at old trafford on new year's eve and i mean first of course it is top of the defending champions. moving on to tennis and defending champion my backdrop of which was won the miami masters title for a third time after the world number one andy murray in straight sets all very haven't played the four days after walkovers into his matches including a semi final no it is why don't you struggling with knee injury and
quote
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a little rusty in the first set which cowering in an ace to take it six one of a second was much closer with rory finding for the serbian hong kong to force a tie break which he eventually won defending his miami crime about dropping sex throughout the tournament and he was delighted to have changed his second title as . the star you know the. tough laws the real world. through a group trying to you know practice a lot to be myself for this this tournament which is extremely important. i want to do well i haven't got to say. played my best tennis when i needed to i mean while rough is due out of maria kirilenko and not here but over the women's doubles title in miami they beat the italian fare of sorry irani can drive out of inchy after stealing a decisive tiebreaker the russians are the first all country team to win the title since the one nine hundred ninety one when americans mary joe fernandez and zina
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garrison captured at the crown. golf now one hundred. and will be the highest ranked american going into this week's masters the first major of the year after victory at the who still open not a twenty nine year old moved up to fourth in the world thanks to the one shot when my hand started the final day two strokes behind police who stays in scene here but despite moments like this the site african faded with a streak of apart seventy five carcasses and low here emerged as my hands closest rival moving to within a shot of the lead after making this birdie on the fourth however the swede couldn't overhaul they hand one hundred seventy one this magic chip kept his nose in front of the sixteenth and his par on the last wrapped up victory it was his second on the p.g.a. tour this season following his success at the world much play championship in february. for.
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it's a chance to share a meteor feels great. and there's a new winner on the european tour then march on also known planing victory this is silly and i've been trying to two year old held off a late charge for england's chris word because of course record of sixty four votes the danes kept his nerve to post a round of sixty nine which was enough for a one shot victory on fifteen on the. just what's now hundred you're going to go fast created history at the rally of portugal by becoming the first russian to capture a place on the podium of world rally championship since you won your all he's also the only seven driver to finish in the top three never called his entry from eighty second place to provisional will become disqualified official saying the fans call breached regulations but judgment means a time defending champion sebastian finds this race to the top of the overall
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drivers' championship. multiverse and second in the poll has been upgraded to race when asked. and that's all the sports news for this person there's more in just under two hours time but it's all done by financial. pressures that so much it isn't even to see me the people that hear it the power of social networking such as facebook you tube and twitter is undeniable but are these media themselves becoming the.
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